Poverty In Nepal Essay

Nepal is a small beautiful country with highest mountain, Mt. Everest and with third highest mountain, Kanchanganga in the world. Nepal has a scenic beauty with high prospects of tourism development. Besides, the country is very rich in water resources, mineral resources, and forest resources. It is a culturally and ethnically diverse country which is able to captivate a number of people in the world to visit Nepal for different purposes. Although Nepal is rich in natural resources, it is one of the poorest and least developed countries in the world with very low per-capita income less than $ 400 in 2012 and nearly one-fourth of the population is living below the poverty line .

Nepal is the agriculture dominated country, providing a livelihood for three-fourth (3/4) of the population and accounting for a little over

Sri Lanka, at the 92nd place, topped the region. However, there is something to cheer for Nepal. The portion of the Nepali population living under multidimensional poverty has come down to 44.2 percent in 2012 from 64.7 percent in 2010, according to the report prepared by the United Nation Development Program (UNDP). The main reasons of the reduction of multidimensional poverty are increased wage rate, remittance and government’s efforts to reduce poverty.

Introduced in the HDR in 2010, the multidimensional poverty indicator consists of factors such as poor people’s experience of deprivation, including poor health, lack of education, inadequate living standard, lack of income, disempowerment, and poor work quality. The report shows there has also been some improvement in the income Gini-coefficient. Nepal’s income Gini-coefficient in the latest report is 32.8. It was 47.3 two years ago. The HDR 2013 states that child labor is relatively high in Nepal, where more than a third of children in the age group 5-14 are economically